‘Extraordinary’ Circumstances In UK Can Only Mean One Thing: More QE!

More liquidity. More accommodation. The BOE on Thursday upsized its QE program. That was expected. But the boost (£150 billion) was bigger than the market anticipated. The bank flagged downside risks to GDP and the outlook. "Since the Committee’s previous meeting, there has been a rapid rise in rates of COVID infection," the bank said, in the November policy statement, taking note of Boris Johnson's new, stricter containment protocols. The UK reported a highly disconcerting 492 coronavirus